The buying and selling rates of the dollar in the open market, however, were Rs277.8 and Rs280.7 respectively, according to the Forex Association of Pakistan.

The price of the Euro decreased by Rs1.21 to close at Rs297.56 against the last day’s closing of Rs298.77, the State Bank of Pakistan said.

The Japanese Yen remained unchanged and closed at Rs1.75, whereas a decrease of Rs1.79 was seen in the exchange rate of the British Pound, which traded at Rs352.28 as compared to the last day’s closing of Rs354.07.

The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by two and three paise to close at Rs75.82 and Rs74.23.